Appleby advises on Starlink AI Acquisition Corporation’s US$100 million IPO
Appleby acted as Cayman Islands legal counsel to Starlink AI Acquisition Corporation (“Starlink AI”) in connection with its US$100 million initial public offering (“IPO”) and listing on the New York Stock Exchange (“NYSE”). The IPO constitutes a special purpose acquisition company (“SPAC”) offering.
The offering comprised 10,000,000 units priced at US$10.00 per unit, generating gross proceeds of US$100 million. The units commenced trading on NYSE under the ticker symbol “OTAIU” on 8 May 2026, with the IPO closing on 11 May 2026.
Starlink AI, a blank check company incorporated in the Cayman Islands as an exempted company with limited liability, was established for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganisation or other similar business combination with one or more businesses or entities, without limitation as to industry.
Appleby’s team was led by Shenzhen Partner Calamus Huang, with support from Senior Associate Alejandra Gonzalez Saucedo, advising on Cayman Islands law in relation to the transaction.
This transaction reflects Appleby’s continued strength in advising on SPAC listings and cross-border equity capital markets transactions.
